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Dec 10, 2012
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he's going to talk about the economy and fiscal cliff within the hour. we'll go to that live. >>> first to florida. that's where we learn new details about a long running mystery. in the town marianna and they have found more grave sites on the grounds a school that closed last century. nobody knows how many boys may be buried there and what abuse he suffer the at that school. ed lavandera spent years investigating the story, and he has the details. >> a mystery haunting the ground of this now defunct school for boys in marianna involving teenage boys sent here decades ago, some never seen again. in recent years former students in "twilight" years have come forward with horrific stories of punishing aaabuse doled out by school leaders and friends that vanished, stories told by cnn. they accused former school leaders of beatings, sexual abuse and even murder. which brings us to this cemetery on the school's grounds. the bodies of 31 boys are buried here. florida authorities claim they know how all the boys died, some killed in a fire and symptom in a flu
he's going to talk about the economy and fiscal cliff within the hour. we'll go to that live. >>> first to florida. that's where we learn new details about a long running mystery. in the town marianna and they have found more grave sites on the grounds a school that closed last century. nobody knows how many boys may be buried there and what abuse he suffer the at that school. ed lavandera spent years investigating the story, and he has the details. >> a mystery haunting the...
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Dec 7, 2012
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if the economy is growing sharply, then if there's some damage from lifting the top rate, maybe the economy could afford it. gdp growth number is not as strong as the jobs report f we had a really weak jobs report, the president would have a really hard time, even getting moderate democrats, to increase the marginal rate. the fact that it's a strong report puts wind in his sails. >> kevin, you've touched on it a little bit. can you be more specific about what you think we're missing from today's report? >> well, i think that what's missing from the report, if we're looking at the health of the overall economy, is that businesses are really pessimistic right now. we've had five months in a row where the orders for capital goods have been going down and, in fact, going down sharply. very often business investment is the thing that turns down right before you have a recession. we have this very dissident set of data. solid jobs report that looks like the trend we saw this year is continuing but we've got businesses holding back, probably in part because of the uncertainty over the fiscal cliff
if the economy is growing sharply, then if there's some damage from lifting the top rate, maybe the economy could afford it. gdp growth number is not as strong as the jobs report f we had a really weak jobs report, the president would have a really hard time, even getting moderate democrats, to increase the marginal rate. the fact that it's a strong report puts wind in his sails. >> kevin, you've touched on it a little bit. can you be more specific about what you think we're missing from...
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>> definitely still room to fix the economy. alison kosik for us at the new york stock exchange, thank you so much. >>> well, after weeks in hiding and on the run, john mcafee's bid for asylum in guatemala has been rejected. he may be deported back to belize. more on this bizarre case coming up. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must have your own loyalty program, right? well, we have something. show her, tom. huh? you should see november! oh, yeah? giving you more. now that's progressive. call or click today. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> well, you got to get your daily john mcafee update. you need a score card for this one. here we go. yesterday at this time we were getting reports that mcafee was rushed to the hospital from his jail cell in guatemala city. there
>> definitely still room to fix the economy. alison kosik for us at the new york stock exchange, thank you so much. >>> well, after weeks in hiding and on the run, john mcafee's bid for asylum in guatemala has been rejected. he may be deported back to belize. more on this bizarre case coming up. yep. the longer you stay with us, the more you save. and when you switch from another company to us, we even reward you for the time you spent there. genius. yeah, genius. you guys must...
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Dec 7, 2012
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the economy can afford it. now the gdp growth number is not as strong as the jobs report. but if we a weak jobs report, then i think the president would have a really, really hard time getting people, even moderate democrats, to increase the marginal rate. the fact it is a strong report, i think, puts wind in the sails. >> wind in his sails. that's not necessarily what the speaker was saying. let's get straight total son kosik live at the new york stock exchange. >> raw numbers. what is the dow doing? >> we are not seeing the wind go in a strong direction towards the positive direction. you are seeing a mixed bag with stocks now. that's because, you know, despite the huge shocker of this report that was a surprise to the upside, investors see it is they are going to be cautious about this because the reality is you look at that jobs report and a lot of those jobs that were added were seasonal ones. retail, travel and leisure. guess what. the real question here is how many of those jobs are going to go away putt
the economy can afford it. now the gdp growth number is not as strong as the jobs report. but if we a weak jobs report, then i think the president would have a really, really hard time getting people, even moderate democrats, to increase the marginal rate. the fact it is a strong report, i think, puts wind in the sails. >> wind in his sails. that's not necessarily what the speaker was saying. let's get straight total son kosik live at the new york stock exchange. >> raw numbers....
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Dec 5, 2012
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obviously globally the economy is still soft. europe is going to be in the dulldrums for quite some time and i think what all of you recognize and many of you have told me is that everybody is looking to america. because they understand that if we're able to put forward a long-term agenda for growth and prosperity that's broad-based here in the united states, then confidence will not just increase here in the united states, it will increase globally and we can get the kind of virtuous cycle that we all want to see. what is holding us back right now, ironically, is a lot of stuff that's going on in this town and i know that many of you have come down here to try to see, is there a way that we can break through the log jam and go ahead and get things done. and i'm here to tell you that nobody wants to get this done more than me. i know that you've got a lot of briefings but let me just try to describe where the situation is right now with respect to our fiscal situation, both what the opportunities are but what also the challenges
obviously globally the economy is still soft. europe is going to be in the dulldrums for quite some time and i think what all of you recognize and many of you have told me is that everybody is looking to america. because they understand that if we're able to put forward a long-term agenda for growth and prosperity that's broad-based here in the united states, then confidence will not just increase here in the united states, it will increase globally and we can get the kind of virtuous cycle...
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Dec 10, 2012
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that's how we grow an economy. i want us to bring down our deficits but i want to do it in a balanced, responsible way. and i want to reward -- i want -- businesses and manufacturers like detroit diesel, right here, creating jobs, right here, in redford, right here in michigan, right here in the united states of america. that's where we need to go. that's the country we need to build. and when it comes to bringing up manufacturing back to america, that's why i'm here today. since 1938, detroit diesel has been turning out some of the best engines in the world. over all those years, generations of redford workers have walked through these doors. not just to punch a clock, not just to pick up a paycheck, not just to build an engine, but to build a middle class life for their families, to earn a shot at the american dream. for 7 1/2 decades, through good times and bad, through revolutions and technology that sent a lot of good jobs, manufacturing jobs overseas, men and women like you, your parents, maybe even your gran
that's how we grow an economy. i want us to bring down our deficits but i want to do it in a balanced, responsible way. and i want to reward -- i want -- businesses and manufacturers like detroit diesel, right here, creating jobs, right here, in redford, right here in michigan, right here in the united states of america. that's where we need to go. that's the country we need to build. and when it comes to bringing up manufacturing back to america, that's why i'm here today. since 1938, detroit...
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bush is out renewing the call for immigration reform. >> not only do immigrants help build our economy, they invigorate our soul. i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps def
bush is out renewing the call for immigration reform. >> not only do immigrants help build our economy, they invigorate our soul. i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card....
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Dec 3, 2012
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last quarter, profits made up 11% of the economy. and that number has been rising over the past decade. now, on the right side, you see wages as a percentage of gdp. that number has been falling. and last quarter, it hit a record low. now, brooke. part of this is because some higher paying jobs have gone overseas. and it is also because the labor market hasn't bounced back from the recession like other parts of the economy have, take for instance housing. brooke? >> those graphs really tell the story clearly. and i want to ask you about something else, maribel, while i have you. we're used to hearing about trouble when it comes to your traditional newspapers, sadly. but now we're hearing about an online paper that targeted the cutting edge tablet user crowd, that's going away. tell me about that? >> that's right, brooke. it seems digital road is apparently not paved in gold. news corp. is folding the daily. it made a big splash last year when unveiled because it was only for the ipad. this is ironic because in this day and age you th
last quarter, profits made up 11% of the economy. and that number has been rising over the past decade. now, on the right side, you see wages as a percentage of gdp. that number has been falling. and last quarter, it hit a record low. now, brooke. part of this is because some higher paying jobs have gone overseas. and it is also because the labor market hasn't bounced back from the recession like other parts of the economy have, take for instance housing. brooke? >> those graphs really...
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Dec 6, 2012
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an i buss in the plants and here's an opportunity to give back, you know, something to the american economy. the way you look at things is, you know, the company is going to be spending $100 million in terms of bringing back jobs to the u.s. some may say $100 million, you know, is not a lot of money considering that apple has more than $100 billion in the bank. but i think this is a positive sign in terms of how many workers we're talking about here -- >> how many jobs? >> reporter: we don't know precisely or the skills necessary. it's a great question. probably in the thousands of jobs. remember, this is one existing mac line. this is not the iphone or ipad. one line but probably in the thousands, brooke. >> in the thousands. and so, apple chock eed up the one-day stock drop. do you think the shift, has to be a profitable move for apple hopefully. >> reporter: well, you know, there are two ways of looking at it. you are using cheap labor in china. not going to have that in the united states and also you're talking about adding infrastructure costs. how that might impact the bottom line, yo
an i buss in the plants and here's an opportunity to give back, you know, something to the american economy. the way you look at things is, you know, the company is going to be spending $100 million in terms of bringing back jobs to the u.s. some may say $100 million, you know, is not a lot of money considering that apple has more than $100 billion in the bank. but i think this is a positive sign in terms of how many workers we're talking about here -- >> how many jobs? >> reporter:...
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despite joblessness, low wages and everything bad about the economy. holiday sales right now are looking pretty good. the national retail sales federation predicts when all is said and done, they'll be up about 5% this year. so why are some retailers so worried? because there is a rapidly growing giant out there, gobbling up customers like nothing before. so much so, that this may be one of the last christmases you'll ever see with shopping quite like this. >> reporter: america's holiday mall mania is as traditional as tinsel, consumers spending more than a half trillion dollars this year will fuel more than a half million seasonal jobs, but the real frenzy is at home, amazon.com. >> what is amazon up to? >> the ambition it seems is to take over the systems of comp assumption. >> barnie jobson a reporter for the financial times has just written a book about amazon's extraordinary rise. >> amazon's sales have been growing about 20% to 30% a year and this is phenomenal when you consider the rest of the retail sector is growing at best 5% a year. there is
despite joblessness, low wages and everything bad about the economy. holiday sales right now are looking pretty good. the national retail sales federation predicts when all is said and done, they'll be up about 5% this year. so why are some retailers so worried? because there is a rapidly growing giant out there, gobbling up customers like nothing before. so much so, that this may be one of the last christmases you'll ever see with shopping quite like this. >> reporter: america's holiday...
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Dec 10, 2012
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with a turbo-charged ecoboost engines and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. >>> so, if you thought the problem in syria was bad, how about this. the chemical weapons situation, the fear that perhaps bashar al assad might actually use chemical weapons on his own people now being exacerbated on a report that perhaps the blame is coming back to us and the accusation from the syrians that we're trying to actually get a hold of those chemical weapons and make it look like the syrian regime has done so. fareed zakari's back with us to talk about this report. it seems as though this is rather serious. only the government, assad's administration has sent a couple of letters to the u.n. suggesting this is all a big plot by the u.s. to get those weapons into the hands of opposition members and then blame the syrians. does this seem logical or like a reach? >> i think it's part of a strategy that the assad regime has decided upon, which is that america is the cause of this. that there is an internal group of terrorists su
with a turbo-charged ecoboost engines and a hybrid that doubles the fuel economy of the average vehicle. it's an entirely new idea of what a car can be. >>> so, if you thought the problem in syria was bad, how about this. the chemical weapons situation, the fear that perhaps bashar al assad might actually use chemical weapons on his own people now being exacerbated on a report that perhaps the blame is coming back to us and the accusation from the syrians that we're trying to actually...
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. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> security software pioneer john mcafee is on the run. police in belize want to talk with him about the suspicious murder of his neighbor that happened three weeks ago but mr. mcafee is nowhere to be found. or so we thought. >> reporter: the search to find john mcafee began right here at the airport not long after i landed and three words. sorry i'm late. a code word to let me know i met the person to take me to mcafee. who follow eed was a long drive and then we get in to a parking lot and get in to another vehicle an drive off again. this time with switchbacks, u-turns and back alleys. it was clearly meant to confuse and anyone following. and then there we were. face to face. observation number one. with john mckay fee, there is no such thing as a simple answer. you are john mcafee? >> i think so, yes.
. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> security software pioneer john mcafee is on the run. police in belize want to talk with him about the suspicious murder of his neighbor that happened three weeks ago but mr. mcafee is nowhere to be found. or...
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economy. it's part of the -- we want to do it for growth and jobs. to work in transport sector -- and it's very, very important for europe, also for our investment. >> the e.u. hopes that the space sector will account for 20% of its gdp by the year 2020. the u.k. space agency has been $2 billion for the european space agency programs. the space agency already contributes 9.1 billion or $14 billion to the u.k. economy. for europe investing in space is investing in the future. >>> medical marijuana is already legal in several states in the united states. now, voters in washington state and colorado have ok'd the recreational use richard branson says yes. >> simply proposed with the harder drugs is do what portugal has done and that is, you know, let the state set up clinics throughout america that if you have a drug problem, you go to that clinic. give them the methodone until they're ready to come off, and when they're ready, you use a drug clinic that costs one-third of the price of a prison m
economy. it's part of the -- we want to do it for growth and jobs. to work in transport sector -- and it's very, very important for europe, also for our investment. >> the e.u. hopes that the space sector will account for 20% of its gdp by the year 2020. the u.k. space agency has been $2 billion for the european space agency programs. the space agency already contributes 9.1 billion or $14 billion to the u.k. economy. for europe investing in space is investing in the future. >>>...
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Dec 5, 2012
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're getting ready for you. tis the season. for food, for family, and now, something extra -- for you. >>> 45 minutes past the hour, checking our top stories now. a typhoon blamed for the deaths of at least 274 people in the philippines. it destroyed close to 3,000 homes. it's moving offshore after leaving washed out roads, downed power lines and other damage. >>> citigroup plans to cut 11,000 jobs world wide including positions at 44 positions here in the united states. the cuts are part of a plan to reduce expenses. we don't know when the layoffs will begin. >>> a
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. ♪ ♪ [ male announcer ] while you're getting ready for the holidays, we're...
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Dec 10, 2012
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first, let me tell you what's going right in the economy for consumers. there's a whole host of things. the job markets, 7.7% unemployment, the lowest in four years. you've got the housing market showing signs of recovery. rising home values in much of the country. gas prices, did you notice? they're down 46 cents over the past couple of months. they're expected to keep going lower and the dow is up 20 points now. the dow is above 1,300 and the s&p 500 is up 12% this year. so, what could go wrong? fiscal cliff. this is something weighing op consumer sentiment and we're starting to see it in the weekly -- look at this -- 39% said it would affect it some. they don't seem to have much faith in congress to fix it and any time except 11th hour and maybe a week into the new year and there's this payroll tax holiday that most people have been enjoying now for well over a year. almost two years now. it's about 20 for somebody who earns say $50,000, but they're getting extra because the payroll tax deduction has been changed a little. they're getting a break on th
first, let me tell you what's going right in the economy for consumers. there's a whole host of things. the job markets, 7.7% unemployment, the lowest in four years. you've got the housing market showing signs of recovery. rising home values in much of the country. gas prices, did you notice? they're down 46 cents over the past couple of months. they're expected to keep going lower and the dow is up 20 points now. the dow is above 1,300 and the s&p 500 is up 12% this year. so, what could go...
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Dec 4, 2012
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the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of others. let's get started at capella.edu >>> good morning and thank you for being with us today. i'm carol costello. it's just about 30 minutes past the hour. time to take a look at our top stories. >>> didn't take long for the u.s. to respond to iran's claim it captured one of our drones. a defense official saying all navy drones are accounted for in the region. iran is showing the drone on state tv with the words we shall trample on the united states. >>> a federal judge blocks a california law banning the use of conversion therapy. his ruling provides to
the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. ♪ have led to an increase intands clinical depression. drug and alcohol abuse is up. and those dealing with grief don't have access to the professional help they need. when you see these issues, do you want to walk away or step up? with a degree in the field of counseling or psychology from capella university, you'll have the knowledge to make a difference in the lives of...
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Dec 4, 2012
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the doom and gloom of the fiscal cliff hides an important point about our economy. we play our cards right, america could be headed for another economic renaissance. short-term indicators are looking good. jobs are being created, consumer debt is shrinking. the housing market is making a comeback. forget silver linings, housing has been the golden lining around the economic cloud hanging over the country. mortgage rates are expected to stay low through 2014. home affordability is as good as it it's been in generations. that's going to attract buyers who spent the last few years waiting for prices to bottom out. that's going to help millions of homeowners who currently owe more on their homes than the home is worth. the home prices rising, confidence will return. and longer term prospects also have some real hope in america. we're in the midst of a domestic energy boom that will fuel growth for years to come. advances in horizontal drilling and hydraulic fracturing, you've heard it as fracking, have changed the economics of natural gas recovery. that sent prices way
the doom and gloom of the fiscal cliff hides an important point about our economy. we play our cards right, america could be headed for another economic renaissance. short-term indicators are looking good. jobs are being created, consumer debt is shrinking. the housing market is making a comeback. forget silver linings, housing has been the golden lining around the economic cloud hanging over the country. mortgage rates are expected to stay low through 2014. home affordability is as good as it...
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burns from the simpsons. >> think of the economy as a car and the rich man is the driver. if you don't give the driver all the money, he'll drive you over a cliff. it is just -- >> what actually will happen if america does head toward that fiscal cliff? and go over it even temporarily? cnn money's jean zahadi has been on this story from the very beginning. here is the question at hand. a lot of people are saying, what happens if we don't get a deal right by the end of december and we get into early january, maybe go over the cliff for a week or two? is that catastrophic? >> it doesn't have to be. there are steps the government can take to mitigate the impact of the spending cuts and the tax increases. but legislative and budget experts i talked to say that really assumes a lot of things. one, that congress will act quickly, which can it do if it wants to, but, you know, can they cut a deal in january that they couldn't cut in december? that's one question. january tends to be a slow legislative month, a lot of new members are getting acclimated. and frankly, you know, peop
burns from the simpsons. >> think of the economy as a car and the rich man is the driver. if you don't give the driver all the money, he'll drive you over a cliff. it is just -- >> what actually will happen if america does head toward that fiscal cliff? and go over it even temporarily? cnn money's jean zahadi has been on this story from the very beginning. here is the question at hand. a lot of people are saying, what happens if we don't get a deal right by the end of december and...
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when americans spend, carol, the economy grows. that ends up translating to investors as being more confident. confident enough to buy into the market. since most 401(k)s closely track the s&p 500, this 10% to 15% rise cohen is expecting would be great for your retirement savings. if you start the year with, say, $30,000 and the index gains 15%, you're looking at almost $5,000 in gains. so it probably won't surprise you that the fiscal cliff, though, is a concern. but, you know what, cohen says even if the market is shaky at the start of 2013, the gains the second half of the year will make up for it. carol? >> that's a pretty rosie outlook. there must be a counter argument. all the other -- i hear such dire things. >> of course. you know, there are other big financials that release their outlooks, too, carol. most are generally positive, though. there are some pessimists out there. wells fargo strategists expects stocks to decline next year and points to slowing growth and uncertainty about the economy. expects just a modest gain
when americans spend, carol, the economy grows. that ends up translating to investors as being more confident. confident enough to buy into the market. since most 401(k)s closely track the s&p 500, this 10% to 15% rise cohen is expecting would be great for your retirement savings. if you start the year with, say, $30,000 and the index gains 15%, you're looking at almost $5,000 in gains. so it probably won't surprise you that the fiscal cliff, though, is a concern. but, you know what, cohen...
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Dec 3, 2012
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to the financial pressures caused by a whole bunch of things, ranging from the internet to a tough economy. now, this is kind of a blip compared to what some newspapers, including my former paper "the washington post" have gone through, cutting hundreds and thousands of employees through buy-outs and layoffs, other methods of trimming the payroll. 30 voluntary buy-outs is nott that much. given the time to keeping that news rm big, it shows that even if you are in new york and you are a big national newspaper, you cannot be immune to the tough times facing the print business right now. >> hey, howie, thank you. love your show. >> thank you so much. talk to you again. >> howie kurtz joining us live on a number of topics. >>> also, secretary of state hillary clinton has a message, and it's for syria. use chemical weapons against your own people, and the united states will take action. what does that mean? we'll talk about it. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive iss
to the financial pressures caused by a whole bunch of things, ranging from the internet to a tough economy. now, this is kind of a blip compared to what some newspapers, including my former paper "the washington post" have gone through, cutting hundreds and thousands of employees through buy-outs and layoffs, other methods of trimming the payroll. 30 voluntary buy-outs is nott that much. given the time to keeping that news rm big, it shows that even if you are in new york and you are...
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. >>> the economy is looking up for one midwestern community. that's because google chose it to launch a new high-speed internet technology that's transforming the landscape for local businesses. tom foreman has details in this "building up america" report. >> reporter: in the bustling heart of kansas city, the pioneer spirit is burning brightly. entrepreneurs trading ideas, exploring concepts and much of it resolves around a handful of houses on a few beaten up blocks. where some small internet start-ups are drawing national attention. >> i can go local. >> mike farmer is the ceo of leap2, a company with a highly advances mobile search app. >> people stop by the office every day from boston, san francisco, or denver. it's fascinating. >> that must feel pretty good. >> yeah, it does. >> one big reason the companies are clustering here is that google chose this neighborhood to launch its much anticipated super high speed internet connection. 100 times faster than most internet links, google fiber allows massive video, data, and graphic files to m
. >>> the economy is looking up for one midwestern community. that's because google chose it to launch a new high-speed internet technology that's transforming the landscape for local businesses. tom foreman has details in this "building up america" report. >> reporter: in the bustling heart of kansas city, the pioneer spirit is burning brightly. entrepreneurs trading ideas, exploring concepts and much of it resolves around a handful of houses on a few beaten up blocks....